Jervois Hill bungalow sold for record S$2,729 psf on land area
Wah Loon Engineering founder Alan Chong's family is buying the property for S$41.2m
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Kalpana Rashiwala
Singapore
A NEWLY built freehold bungalow in Jervois Hill is being sold for S$41.2 million, which works out to about S$2,729.52 per square foot on land area of 15,094 sq ft.
This is a record price in terms of psf on land area for a transaction in a Good Class Bungalow Area - busting the previous high of S$2,350 psf set last year for a bungalow in Cluny Hill near the Botanic Gardens. That deal, which amounted to an absolute price of S$35.5 million, was for a bungalow on freehold land area of 15,105 sq ft.
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